Generally Accepted Accounting Principles and Non-operating...

Valuation of AirThread Connections Group 7 (Shaojin Ding/ Jin Wang/ Wenqi Gu/ Shijia Wu/ Tongtong Yin/ Canran Xie) Given the background of ACC and AirThread, do you think the acquisition is a good idea? Briefly explain your answer. Yes. First, American Cable Communication (ACC) and AirThread could help each other compete in the industry that was moving more and more bundled service offerings. Second, the acquisition could help both companies expand into the business market. Third, ACC was in a unique position to add value to AirThread’s operations because the acquisition could save AirThread more than 20% in backhaul costs. The reasons above make us believe that the synergy is positive and the acquisition is†¦show more content†¦The debt payment schedule is presented in Ex 6.) †¨Remember that different valuation models are not mutually exclusive, you can use different model for different forecasting periods. We still divide the value of AirThread as a merger target into operating part and non-operating part. First, we combine the DCF model with APV model to calculate the operating value. Because during 2008 to 2012, AirThread need to pay down acquisition debt, the D/E ratio is variable. So we have to choose the APV model (= NPV + NPVF). But after 2012, the acquisition debt has paid off, so the D/E ratio is constant, which suggests using DCF model. First, we calculate the operating value during 2008 and 2012 using APV. The cash flows of these five years combine the stand-alone cash flows and the synergy cash flows. We assume depreciation/capital expenditure equals 1. First of all, we calculate the NPV. The potential synergies come from system operating cost saving as well as the increase in revenue and gross profit. We use the unlevered (=0.96) and get the cost of equity (=10.2%). We get the synergies cash flow using Jenifer’s projection about synergies. We use the cost of equity (=10.2%) to discount the cash flows and get NPV from 2008 and 2012, which is $1,511.39m. (Exhibit 5) In this case, NPVF is Tax Subsidy. We discount the interests of the 5 years to 2007 using cost of debt (=5.50%), and thenShow MoreRelatedComparison Of IFRS to GAAP Essay1192 Words   |  5 PagesDaniela Trudel Comparing IFRS to GAAP This paper looks at relevant comparisons of IFRS, â€Å"International Financial Reporting Standards† and GAAP, â€Å"Generally Accepted Accounting Principles†. These two frameworks of accounting principles and practices share a lot of standards and procedures, but also differ on accepted policies. This paper will answer those standards and differences but also show the comparison of the two. Let’s look at what ways does the format of a statementRead MoreChapter Two Essay652 Words   |  3 Pagesshowing a firms accounting value on a particular date is the: balance sheet. †¢ A current asset is: cash or an item currently owned by the firm that will convert to cash within the next 12 months. †¢ The long-term debts of a firm are liabilities: that do not come due for at least 12 months. †¢ Net working capital is defined as: current assets minus current liabilities. †¢ A __ liquid __ asset is one which can be quickly converted into cash without significant loss in value. †¢ TheRead MoreSimilarities Between Ifrs And International Financial Reporting Standards Essay813 Words   |  4 PagesIn this research project, we will be comparing the similarities and differences between IFRS (International Financial Reporting Standards) and GAAP(Generally Accepted Accounting Principles), specifically in the cash flow statement, and we will be using Apple vs Samsung’s financial statement and stock price to compare the similarities and differences between IFRS and GAAP. 2. Motivation(Vicki) Today, with increasing globalization in the business world, many investors are looking for opportunitiesRead MoreIfrs, Us and Prc Gaap1565 Words   |  7 Pages| Generally accepted accounting principles (GAAP) of the People’s Republic of  China  (PRC) come from a number of sources, majority of which represent the laws and regulations issued by the Ministry of Finance (MOF), and, listed company disclosures issued by the China Securities Regulatory Commission (CSRC). |   Ã‚  Ã‚   | 2. What is IFRS? | International Financial Reporting Standards (IFRS), often known the original International Accounting Standards (IAS), are a set of accounting standardsRead MoreGenerally Accepted Accounting Principles Essay1270 Words   |  6 PagesPart I. A. Generally Accepted Accounting Principles. GAAP is not a fixed set of rules. It is a guideline or more precisely a group of objectives and concepts that have evolved over 500 years from the basic concepts of Luca Pacioli set forth in the 1400s. It governs how financial statements are prepared and presented in the United States. The Financial Accounting Standards Boards (FASB), the American Institute of Certified Public Accountants and the Securities and Exchange Commission (SEC)Read MoreGovernment Accounting1454 Words   |  6 PagesOverview of government accounting Government accounting Government accounting refers to the different accounting systems that the different entities in the public sector use. Government Accounting Standards Board (GASB) set the accounting standards to be used by the state and local government. The role of the Governmental Accounting Standards Board (GASB) is to set up and improve the accounting standards of state and local government. It also ensures that financial reporting gives accurate andRead MoreIntroduction, Review of Accounting Process and Financial Statements2050 Words   |  9 PagesIntroduction, Review of Accounting Process and Financial Statements Abstract This paper explains different types of accounting phrases and how they directly affect the accounting field. Phrases which are included and defined in the paper are Generally Accepted Accounting Principles, Contra-Asset Accounts, Historical Cost, Accrual Basis vs. Cash Basis Accounting, and Accounting Standards Codification. Definitions and examples of these terms are included as well as explanations of how they areRead MoreInternational Financial Reporting Standards vs US Generally Accepted Accounting Principles1709 Words   |  7 Pagesdissolution of US Generally Accepted Accounting Principles (US GAAP) (Cox 2008). US GAAP is rules based system of accounting that contains over 25,000 detailed pages of guidance, whereas IFRS is a principles based system of accounting that contains 2,500 pages of guidance. IFRS allows accountants to exercise professional judgment when making many decisions. This paper will compare and contrast US GAAP with IFRS on Intermediate Accounting Topics. Financial Reporting In the past, Accounting standards inRead MoreAccounting Policies, Income Statement and Related Items2283 Words   |  10 PagesAbstract GAAP requires company to disclose accounting policy in their financial reports. These policies provide relevant information to decision makers on choices taken by executives. Financial statements are the final product of accounting process. Income statement provides data for investment and other decisions. The net income is essentially the common income statement form, consisting of classifications such as income from continuing operations, discontinued operations, extraordinary itemsRead MoreAccounting Cycle Paper924 Words   |  4 PagesWAlmart | Accounting Cycle Paper | Accounting Cycle of Walmart | | Melanie Bartholomew | September 2, 2012 | When a company, like Walmart, begins to prepare financial statements and reports at the end of an accounting cycle they generally use Generally Accepted Accounting Principles and â€Å"the collective process of recording and processing the accounting events† (Definition of ‘Accounting Cycle’, 2012), known as the accounting cycle. There are nine steps involved in the accounting cycle.

The Business Ethic Of The Movie Blood Diamond - 881 Words

In Africa, diamond are usually being traded in transaction for people life which are used in civil wars, and wicked military in unstable countries in Africa. Because of the barbarity of wars financed by illegal diamond trade, It has been broadcast the diamond trade has become a poorly regulated business. These stones are call blood diamond. The reason they name it blood diamond because it is stone that people sacrifices their life’s for. You do realize that a diamond you may buy at store, might have gotten people get killed These diamond companies sell blood diamonds without knowing or the companies are just too selfish and do not care if the diamonds were acquired at the risk of another person s life. in this paper I will discuss the business ethic of the movie blood diamond and how business ethic was portrayal in this movie. In the movie blood diamond, it was made in Sierra Leone, 1999. This movie was based on a civil war where it nearly killed thousands of good people. This attack cost majority of the Sierra Leone population out of homes and destroy their villages. These zonal attack became refugee camps. A man of the name of Solomon was captured and his family was captured and taken away to the refugee group. Luckily he was able to survive the refugee beaten and he became one of their mining collector. During the mining, he found a pink diamond and he hid it in the bush. Danny Archer, a diamond collector, hears about this diamond while in aShow MoreRelatedEssay on Ethical Movie Review: Blood Diamond3530 Words   |  15 PagesEthical movie review Title: Blood Diamond Year: 2006 Studio: Virtual Studios Producer: Warner Bros. Director: Edward Zwick Country: United States of America 0.1 Introduction The following essay will examine ethical issues addressed through the movie â€Å"Blood Diamond†. The two main issues identified and discussed are; child soldiers and conflict diamonds. My main lens of ethical theories will consist of the four western theories, this includes, egoism, utilitarianism, ethics of duties andRead MoreSocial Performance of Organizations Essay2146 Words   |  9 Pagescompanies in the world. De Beers leads and dominates the diamond industry in diamond mining, diamond trading, and industrial diamond manufacturing. In 1871 a South African man named Cecil Rhodes created De Beers. Rhodes rented water pumps to miners then invested his profits by buying up small mining operations. In 2011 the De Beers Group sold their remaining stake to Anglo American for $5.1 billion in cash. (DeMarco, 2011). Before the sale the diamond company was owned by the Oppenheimer family. NowRead MoreAs the twenty year anniversary of the genocide in Rwanda arrives, it is imp ortant to recognize the3000 Words   |  12 Pagesenemy was inescapable, and coming from within the south. Only decades before, this had been the norm, though the reason for war was always to acquire the enemys revered cattle† (Peterson 218). In the modern conflicts in Africa, the fierce warrior ethic was now accompanied by advanced weaponry, which dramatically changed the nature of the conflict as well as the outcome. The role of foreign players in Africa added an element of instability to the internal conflicts that, in most cases, caused greaterRead MoreSports17369 Words   |  70 PagesUniversity of New York Press. Van Bottenburg, Maarten and Beverley Jackson (2001). Global games. Champaign, IL: University of Illinois Press. Wenner, Lawrence A. (Ed.) (1998). MediaSport. New York: Routledge. Westerbeek, Han and Aaron Smith (2003). Sport business in the global marketplace. New York: Palgrave Macmillan. Whannel, Garry (1992). Fields in vision: TV sport and cultural transformation. London: Routledge. Wilson, John. 1994. Playing by the rules: Sport, society, and the state. Detroit, MI: WayneRead MoreSports17363 Words   |  70 PagesUniversity of New York Press. Van Bottenburg, Maarten and Beverley Jackson (2001). Global games. Champaign, IL: University of Illinois Press. Wenner, Lawrence A. (Ed.) (1998). MediaSport. New York: Routledge. Westerbeek, Han and Aaron Smith (2003). Sport business in the global marketplace. New York: Palgrave Macmillan. Whannel, Garry (1992). Fields in vision: TV sport and cultural transformation. London: Routledge. Wilson, John. 1994. Playing by the rules: Sport, society, and the state. Detroit, MI: WayneRead MoreOaths Euphemisms6681 Words   |  27 Pageseuphemism for hanging out the bedsheet after a wedding night as a testament to the womans virginity), or it simply being that time of the month. Euphemisms are also common in reference to sexual orientations and lifestyles. For example in the movie Closer the character played by Jude Law uses the euphemism He valued his privacy for homosexual and He enjoyed his privacy for a flamboyant homosexual. Among common euphemisms for homosexuals, gay (in reference to the stereotypical flamboyantRead MoreEssay on Fall of Asclepius95354 Words   |  382 Pagesadjusted his headset which blared Linkin Park music. The rhythmic music allowed him to wake up more easily. There was just one week left of school and Thomas still had no idea what he wanted to do for his career. He had excellent grades and work ethic but had no goal to work towards. He actually planned to work for a year, just to help get an idea of what he wanted to do. Thomas parents were very supportive and were more than willing to help him find his role in life. He always guessed he was meantRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pages22/10/2007 11:54 Page 599 Guide to using the case studies The main text of this book includes 87 short illustrations and 15 case examples which have been chosen to enlarge speciï ¬ c issues in the text and/or provide practical examples of how business and public sector organisations are managing strategic issues. The case studies which follow allow the reader to extend this linking of theory and practice further by analysing the strategic issues of speciï ¬ c organisations in much greater depth –Read MoreQualitative Research and Celebrity Endorsement24767 Words   |  100 Pagessource credibility is used commonly to entail the communicator’s positive attributes that affect the recipient’s acceptance of a message. (Ohanian, 1990). Furthermore, the source needs to be trustworthy, in the nous of believability, honesty and ethics.(Belch Belch, 2001). Information from a credible source such as a celebrity has the power to influence the opinions, belief, attitude and behaviour through a process called internalisation based on the assumption that the information from theRead MoreFundamentals of Hrm263904 Words   |  1056 PagesPractices 6 Recruiting 7 Employee Selection 7 Training and Development 7 Ethics and Employee Rights 7 Motivating Knowledge Workers 7 Paying Employees Market Value 8 Communications 8 Decentralized Work Sites 8 Skill Levels 8 A Legal Concern 8 Employee Involvement 20 How Organizations Involve Employees 20 Employee Involvement Implications for HRM 20 Other HRM Challenges 21 Recession 21 Off Shoring 21 Mergers 22 A Look at Ethics 22 Summary 23 Demonstrating Comprehension: Questions for Review 24 Key

Nutritional Requirements of Individuals with Dementia free essay sample

Understand and meet the nutritional requirements of individuals with dementia. Outcome 1 1) describe how cognitive, functional and emotional changes with dementia can affect eating, drinking and nutrition. Cognitive behaviour is dysfunctional emotions and behaviours caused by damage in brain affecting part of the brain responsible for memory and all that we learn from birth- how to talk, eat etc. This means that person with dementia can forget how important it is to eat and drink. They also may lose sense of hunger and thirst. It can become problem putting client’s health at risk. Functional change is losing ability to remember how to eat using cutlery. Instead, some people find easier to pick up food by hand, so finger food should be provided. This might be a good way to avoid confusion and distress for a client. If person finds it easier food should be laid out for a client promoting their dignity. We will write a custom essay sample on Nutritional Requirements of Individuals with Dementia or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Emotional change can be negative emotions about the confused state when individual may not understand that there is something wrong, but behaviour of others may lead them to feeling something is wrong, which often causes stress to individual with dementia. Explain how poor nutrition can contribute to an individual’s experience of dementia. Poor nutrition can make the symptoms of dementia worse, increase risk of more frequent infections requiring use of antibiotics. Malnutrition also affects immune system making it difficult to fight an infection. Effects of poor nutrition: * Higher risk of infection * Reduced wound healing * Dermatological problems * Constipation * Disturbed sleeping pattern * Weight loss/gain 3) outline how other health and emotional conditions may affect the nutritional needs of an individual with dementia. It is more likely that as well as dementia older elderly are more likely to develop other chronic illnesses and therefore will have specific nutritional needs. Nutritional requirements Energy requirements decline with age, particularly if physical activity is restricted. However, requirements for protein, vitamins and minerals remain the same, so it is imperative that food choices are nutritionally dense, supplying a rich supply of nutrients in a small volume. Fat There should be no restrictions on the input of fats if a client: * Has suffered weight loss. Has a very small appetite * Is very weak Fibre Eating cereals, fruit and vegetables as a part of balanced diet will help clients who have bowel or constipation problems. Sugar Many elderly people have high sugar intakes. If the rest of the diet contains lots of foods from the main food groups, there is no reason to limit sugar intake. In fact, if weight loss has occurred, sugars may be recommended to meet energy requirements and to aid weight gain. Iron Anaemia is common in elderly and can be caused by poor absorption, certain drugs and blood loss. Iron intakes can be met by having red meat and non-meat sources every day. Absorption is maximised by consuming vitamin C-rich foods at the same time, such as a glass of fruit juice or fresh fruit or vegetables with each meal. Zinc For clients with pressure ulcers intake of Zinc is vital for body’s natural ability to heal wounds. (Can be found in meat, pulses, wholemeal bread and shellfish) Calcium Consuming calcium rich products on a daily basis can slow down loss of calcium in bones, which starts at the age of 30 and accelerates considerably in later years. Calcium-rich foods (milk and dairy foods) should be eaten every day. Vitamin D Vitamin D is needed for calcium metabolism and its deficiency in elderly people can lead to bone softening and distortion. Many elderly people also have limited exposure to sunlight (this vitamin can be made through the action of sunlight on the skin). B Vitamins Intake of B vitamins may be low in this age group if appetite is poor and the diet is not rich in vitamins and minerals. To help prevent this, foods from all food groups must be consumed every day. Water Taking an appropriate amount of water (approximately 2 litres) each day will: * Aid digestion * Maintain effective urine flow * Stop dehydration * Keep hair and skin healthy * Maintain good kidney function Emotional and psychological effects that might affect nutritional needs of an individual with dementia: * Apathy * Confusion * Memory loss * Delirium * Disturbed sleeping pattern * Mood * Depression Physical effects that might affect nutritional needs of an individual with dementia: * Physical discomfort (bad fitting dentures or person is wet) * Lack of exercises. Damage to the brain * Difficulties with chewing and swallowing * Changes in food preference * Loss of taste * Constipation * Living alone 4) explain the importance of recognising and meeting an individual’s personal and cultural preferences for food and drink. It is important to recognise an individual’s personal and cultural preferences to food and drink as this can make people feel like they are respected and included. This will encourage individual to eat and drink, but also it will increase their emotional and physical well-being. People may have different views about foods depending on their cultural background. Providing range of familiar foods can help make individual feel at home, safe and welcomed. As well as providing nutritional value food and drink also play a significant role in culture and rituals. For example, Chinese people eat with chopsticks. Some people like to have a glass of wine with their meal. People from different cultures can only eat certain things as reason of their religion or believes. | | All this information should be included in individuals care plan under life  history. 5) explain why it is important to include a variety of food and drink in the diet of an individual with dementia. An individual with dementia has the same needs and rights as someone without dementia. Eating is basic human function and need. The type of food people eat affects their health and quality of life. People who eat poor diet get sick more often and recover from injury and illness more slowly. Outcome 2 1) describe how mealtime cultures and environments can be a barrier to meeting the nutritional needs of an individual with dementia. Possible reasons for malnutrition in residential or nursing homes: * Underlying disease or illness * Loneliness or depression * Monotonous menu * Unfamiliar foods * Inappropriate textures * Inflexible meal times * Lack of snacks and nourishing drinks * No choice of portion size * No monitoring of food intake and weight loss * Insufficient staffing to help with feeding * General lack of fresh foods * Dull and bland food 2) describe how mealtime environments and food presentation can be designated to help an individual to eat and drink. Clients with dementia are reassured by a calm and regular routine. Meals should be relaxed and unrushed, allowing plenty of time. Prevent any distractions, such as television or radio. Many individuals prefer to eat in company, so creating a social environment for meal times can help. However, there can be others who like to eat alone, so it is important to find out each client’s likes and dislikes. Presentation of food is very important. Clients will eat better if food looks more tempting, smells nice and looks delicious.

Literary analysis of “ Where the Jackals Howl” Essay Sample free essay sample

Amoz Oz’s â€Å"Where the Jackals Howl† is short narrative exemplifying the predicament of immature female in a kibbutz and in a battle with herself every bit good as an older member in the kibbutz. At the story’s bosom is a consummate word picture of the supporter which at times seems to be Galila every bit good as Matityahu Damkov and other times Matityahu being the adversary. Galila seems to fall for the come-on of art supplies as Matityahu draws her to his room to take advantage of her. Amoz Oz achieves the greater subject of â€Å"entrapment† through the psychological societal pragmatism intending characters in fictional narrations have realistic or complex emotional and rational deepness including possibly subconscious impulses and fright they are non cognizant of. ( superglossary. com ) A brief review will uncover how â€Å"Where the Jackals Howl† by Amoz Oz achieves it animating consequence. Amoz’ portraiture of the kibbutz includes t he land between Israeli and Palestinians. We will write a custom essay sample on Literary analysis of â€Å" Where the Jackals Howl† Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page bastardy and Judaic life. Giving his logical thinking of strong impulses and subterraneous passions. which illustrates his concealed feelings. The khamsin-the hot air currents. seemed to consequence everyone in the community of the kibbutz. It was everything to them that the khamsin was go forthing and the cool air currents were coming in. The cool air currents brought darkness and meant that seasons were altering and Autumn was coming nigh. Everyone came out to enjoy in the air currents and the darkness that was coming except for Sashka who would see this as clip to remain in his room and compose about the jobs in the kibbutz. As the darkness easy creeps in and seems to devour everything within it from the outward land in. the seniors sit and enjoy till it was clip to travel to the dining hall. That is where they would all sit around and discourse what has happened and what is to go on. As the storyteller describes his homocentric nexus between his description of the landscape as circles he speaks of them as the outside circles being â€Å"The Autumn darkness† . The interior circle being the circle of visible radiations and the innermost. the lighted bosom of their universe ( pg486 ) . It could besides be described as the homocentric circles to the sealed kibbutz circle. The interior circle. represents the physical. the state. the kibbutz society. interior household and their personal circle. The darkness. which represents the political facet of the land being taken over by the Palestinians and them infringing can be seen as the outside circle. The darkness represent as good all the inexorable events that play themselves out in the backyard of the community. and behind closed doors of their places and represents the inmost circle. At some point in clip. we all feel like our universe is acquiring swallowed up by the darkness. If its non in our Black Marias. but in our heads. so to experience it in our ain community. Within the community of the Kibbutz there is a immature miss named Galila. who is torn on who she should believe is her male parent. At the beginning of the narrative it already says the Galila is the girl of Sashka and at the terminal a adult male named Matityahu Damkov tells her he is her male parent. Who is she to believe? When she was a immature miss she had a captivation watching Damkov work with the Equus caballuss. She couldn’t maintain her eyes off of him while she would masticate on her hair. As she grew older her hatred grew to gross out and she despised him. but as a immature lady she grew to be mercenary and greedy in a sense that it didn’t matter how much she didn’t like Matityahu Damkov she wanted the art supplies he told her he had bought merely for her lone. While she showered she even asked herself â€Å" What does Matityahu Damkov privation of me? † ( pg482 ) How could she be so naif? With Matityahu inquiring her to his room and purchasin g art supplies and canvas merely for her it was obvious of his hidden lecherousness for her. Now she still decides to travel to his room despite the feeling she has and he convinces her to remain and imbibe with him. stating her she will acquire the art supplies shortly. He tells her a narrative of when he worked with the Equus caballuss which at first fascinates her and takes her dorsum to when she was younger. He tells her a narrative of how he was shown how to acquire what he calls a â€Å"stupid horse† ( pg488 ) rummy and mad and ready to copulate. He would hold a female horse base on balls so it would acquire the aroma and acquire truly huffy. That was when he knew the Equus caballus was ready to swoop. He described the blood in the eyes and choler and shortness of breath merely as Damkov did to Galila. He brought her by teasing her with the art supplies and so giving her something to imbibe. He would hold her relax and talk to her boulder clay he felt ready. As she relaxed and laid on his bed looking asleep he laid following to her. After a small clip he started to fondle her seeking to quietly and passionately wake here stating her he wanted to run off with her. but as she woke buttoning up her skirt. ( which would give give you the premise he had raped her ) she stated â€Å" This isn’t what I want. I didn’t want to come here at all. You’re taking advantage of me and making things to me I don’t want and stating all sorts of things because you’re mad and everyone knows you’re huffy ask anyone you like. † ( pg491 ) He would acquire huffy and have blood in his eyes and breath deep merely as the Equus caballus. If she truly felt that manner why did she travel? She as many immature females today do as they want and to acquire what they want and effects mean nil boulder clay they are confronted with the danger and bad picks they made. As Galila stands in his room Matityahu looks at her and thi nks to himself â€Å" She’s so immature. she’s a small miss. slender and spoiled. I’m traveling to nail her to pieces. Slowly† ( pg490 ) If he believes he is her male parent why would he desire to ache her non physically but mentally and emotionally? Why would he of needed to tease her with the supplies to acquire her to his room? What sort of adult male would look at a female they believe to be their girl and and ravish her and want to ache her? These are inquiries we still ask ourselves today sing child molestation. He tells her he is her male parent and she doesn’t believe and he tells her to fault her female parent if she wants to be huffy non at him. Could that intend that he at one clip was with her female parent or possibly raped her every bit good since he would ever state Galila that she was merely like her female parent. When Matityahu speaks to Tanya. who is the female parent of Galila. they speak with hastiness and unkindness in their voices but we may neer cognize what genuinely happened. Matityahu laughs at Galila and tells her he doesn’t attention who’s girl she is. Sashka’s or Ben-Gurion’s. ( pg492 ) In the narrative it says that when Matityahu laid on his bed he summoned a dream. It say’s â€Å"quiet dreams and wild drams† ( pg490 ) could this be a erratum? Could they be her dreams with Damkov moving as a lens. noise. blare. odors of the kibbutz. dancing Jackals ululation inside her caput. And so is her lunacy merely a metaphor for the lunacy of seeking to claim back the desert. Trying to do the land of Israel in the land- flower stalk of Arab? Oz’s political position of anti-settlement and entrapment.

Why “follow your passion” is bad advice

Why â€Å"follow your passion† is bad advice â€Å"Do what you love†Ã¢â‚¬ ¦ that’s the dream, right? Everyone fantasizes at some point about quitting their day job and going full-time after something they already love to do, whether it’s a hobby or a secret passion. Steve Jobs once famously said, â€Å"The only way to do great work is to love what you do.† So what could possibly be the drawback of making your passion your career? 6 reasons passion shouldn’t drive your career1. Not everyone has a passionIf you feel like you should be pursuing something you’re passionate about in order to feel fulfilled, that presents an immediate question: what is your passion, anyway? For some, it’s an easy answer. For others, not so much. If â€Å"do what you love† sounds more like a command and less like an opportunity, then that pressure may lead you to do something just for the sake of doing it- not because it’s the right path.It’s totally okay to keep your passion as a free-time activity. It’s also okay to have a lot of different interests instead of one driving passion. Not everyone feels a calling to do one particular thing, forever and ever.2. Passion might not pay the billsYour career is about the life you want to create for yourself- it’s a comprehensive picture. For most people, that includes long-term stability for themselves and/or their families. Pursuing your lifelong love of being a performing accordionist may sound appealing now, but what’s your strategy for the long haul? If you can’t plan how your passion path will be sustainable as a career and not just a temporary choice, then it’s probably not the best professional option.3. Pursuing your passion may not solve your problemsFollowing your passion may seem extra appealing for a lot of reasons: stress at work, boredom, and general life malaise are a few. But even if you mar ch into your boss’s office and hand in your resignation tomorrow, that doesn’t mean your life will be magically happier or more fulfilling. Before you consider making any big life change, it’s important to think about why you’re making the choice, and what (realistically) you will achieve by doing it.4. Making a career out of a passion can blur boundariesIf you love to do, say, stand-up comedy on nights and weekends, but keep it entirely separate from your day job as a nursing assistant, that might not be a bad thing. If you make your passion your career, that means you’re going to be spending a lot of time on and off the clock thinking about it, doing it, and engaging with it. There’s definitely something to be said about setting work-life boundaries and keeping a balance.And it could be that comedy is a great release for your work stress or daily routine, but wouldn’t be as fun when you’re not only doing it all the time, but also need to focus on making it pay the bills. Will you love doing this as much when it’s your main source of income and you’re doing it every day?5. What we love may not be what we’re strongest at doingFact of life: sometimes our passions don’t line up with our skills. For example: I love to bake. I’m decent at it, but definitely don’t have the skills or infrastructure to do it professionally. And although sometimes I think about what it would be like to quit my office job and bake cookies full-time, I’ve made peace with the fact that my most marketable professional skills are geared toward jobs outside the kitchen.What we love to do and what we’re trained/educated/great at doing may not be the same thing at all. So when someone tells you to follow your passion as a career, there’s a significant risk that what we love to do on an amateur level just may not be a strong choice for going pro.6. Even passion projects require a planâ€Å"Follow your passion† is very vague. The logistics of your new passion career are probably not. For example, would your new business require you to get additional education or certification if you were to go pro? What kind of connections would you need to dig up employment opportunities in your passion field? There’s a very good chance that elevating a passion to a career would involve starting over in many different ways, so be prepared to plan it out beyond â€Å"I really like doing this, therefore I should do it full-time.†Making a personal passion into a career sounds like great, life-affirming advice- and it can be. But in many cases, it’s just not feasible or sustainable. So before you follow your bliss, consider all aspects of your hot new career path. And remember: there’s no shame in doing a job that may not inspire an all-consuming passion. If you’re doing work that challenges you and helps you fulfill your goals, you’re already doing pretty well!

Enterprise Resource Planning Systems Assignment

Enterprise Resource Planning Systems - Assignment Example Enterprise resource planning systems envisioned to facilitate sharing of information, business planning, as well as decision making upon an establishment -wide basis (Somers & Nelson, 2003). For instance, companies that have adopted Enterprise Resource Planning systems can use them to forecast the demand for a product, track inventory, order the needed raw materials, allocate costs, and devise production schedules. Enterprise permits firms to replace intricate computer-applications with a lone, integrated system. Enterprise Resource Planning system shares data with other business software systems in a company. Enterprise Resource Planning system is a planning backbone for a firm’s core business operations. ERP system is a complex and cosmic system that undertakes years and a lot of cash to implement. In implementing an ERP system, there is a need to pay attention to the commitment of the top management. For the implementation to be successful, the top managers must support the project through funding and undertake an active responsibility in fostering the change. The other aspect to pay attention to is the re-engineering of existing business procedures while implementing ERP system. One key benefit of enterprising resource planning is derived from re-engineering a firm’s existing business operations (Gunson & Blasis, 2002). Enterprise resource planning systems bring integration into a company; hence, a company should understand the kind of integration as well as its effect towards the whole business. Experts with technical, functional and interpersonal skills should be obtained to implement ERP; therefore, there is a need to pay attention to enterprise resource planning systems’ consultants while implementing ERP systems. Another point to keep in is the implementation time.  

The Worlds Water Supply Essay Example | Topics and Well Written Essays - 1250 words

The Worlds Water Supply - Essay Example Will human have ample potable drinking water? What will be the effect of changes in water supply in the world food supply? These are some of the concerns this research aims to address together with present the current trends and future prediction of the world’s water supply. World’s water can be divided into two main classifications, namely salt water and fresh water. Majority of the world’s water supply is salt water, which comprises 97.5 percent of the total world’s water. Table 1 illustrates the classifications of water. Only the freshwater are usable by human and 70% of the fresh water in the glaciers and unusable. Table 2 shows the usage of the fresh water in the world. Evidently, majority of the exploitable water supply is used in agriculture, which includes irrigation and other food production process. However, most studies do not include possible water shortage in their analysis of food shortages (Seckler and Seckler, 1998). This is an alarming concern. Water is needed in the production of food, such as irrigation for the crops and other staple foods. Without factoring in water shortage to the current projection of food shortage, different scholars are already worried with the results, what more if they include water shortage in the projection. Table 3 gives an idea about the access to potable water and proper sanitation. In addition to this figures, Simonic (2002) and World Health Organization assessed that more or less 1.1 billion individuals in third world countries has no capacity to obtain or cannot have healthy drinkable water. While 2.4 billion of the world population is does not have ample water for sanitation (WHO, 2002). Moreover, 1.8 million individuals, of whom 90% are children below five years of age, die each year due to water-related cases. Another alarming concern is pointed out by the study of Jenerette and Larsen (2006) which argues that guaranteeing enough water supplies to more than 50 percent of the